Tesla delivers 310,048 electric vehicles in the first quarter

Tesla delivers 310,048 electric vehicles in the first quarter


Customers experience new energy electric vehicles at a Tesla store in Shanghai, China, On December 4, 2021.

Future Publishing | Future Publishing | Getty Images

Tesla just reported first-quarter vehicle production and delivery numbers for 2022.

Here’s how they did.

Electric vehicle deliveries (total): 310,048

Electric vehicle production (total): 305,407

Over the same period last year, Tesla delivered 184,800 electric vehicles and produced 180,338 cars.

Analysts expected deliveries of 317,000 vehicles for the first three months of 2022, according to estimates compiled by FactSet as of March 31. The estimates ranged from a low of 278,000 vehicle deliveries to a high of 357,000.

Deliveries are the closest approximation to sales numbers reported by Tesla.

The company recently opened a new factory in Brandenburg, Germany, and had a ribbon-cutting ceremony on March 22. Tesla also plans to host a grand opening and “cyber rodeo” event on April 7, at another new vehicle assembly plant it’s building in Austin, Texas.

Tesla moved its headquarters to Austin officially as of Dec. 1, but still operates its first electric car factory in Fremont, California.

Globally, Tesla’s operations during the quarter, which ended March 31, were weighed down by a Covid surge and new health restrictions in China, requiring temporary production halts at its Shanghai plant. In the fourth quarter, Tesla delivered 308,600 EVs, marking a record for the company. 

Tesla, along with the rest of the auto industry, has also been hurt by widespread parts shortages, and inflation. Critical components like semiconductors remain in short supply, and prices have increased for raw materials like nickel and aluminum after Russia launched an invasion of Ukraine in February. In the U.S., Tesla has been leaving customers waiting for months before filling their car orders.

Tesla CEO Elon Musk warned in mid-March of inflationary pressures on the business, and hiked the prices of its cars in both the U.S. and China.

—CNBC’s Jordan Novet contributed to this report.

WATCH: Tesla’s stock split shows confidence in the company



Source

DoorDash CEO Tony Xu is taking on the role of industry consolidator in food delivery
Technology

DoorDash CEO Tony Xu is taking on the role of industry consolidator in food delivery

Tony Xu, co-founder and CEO of DoorDash Inc., smiles during the Wall Street Journal Tech Live conference in Laguna Beach, California, on Oct. 22, 2019. Martina Albertazzi | Bloomberg | Getty Images During the depths of the Covid pandemic, with restaurants around the country facing an existential crisis, DoorDash CEO Tony Xu had an unconventional […]

Read More
Stablecoins stole the show at Bitcoin 2025 — here’s what the major players said
Technology

Stablecoins stole the show at Bitcoin 2025 — here’s what the major players said

Bitcoin 2025 brought together thousands of investors, builders, and believers for a showcase of crypto’s next chapter. MacKenzie Sigalos LAS VEGAS — At the world’s largest bitcoin conference this week on the Vegas Strip, the most consequential story wasn’t about bitcoin. Stablecoins, the dollar-pegged digital tokens now driving a full-scale financial and political shift in […]

Read More
$TRUMP and other meme coins won’t be protected by SEC, Commissioner Hester Peirce says
Technology

$TRUMP and other meme coins won’t be protected by SEC, Commissioner Hester Peirce says

Hester Peirce, commissioner of the US Securities and Exchange Commission (SEC), speaks during the DC Blockchain Summit in Washington, D.C., on Tuesday, May 24, 2022. Valerie Plesch | Bloomberg | Getty Images LAS VEGAS — Now that the SEC is out of the business of regulating meme coins, investors shouldn’t expect any guidance on $TRUMP, […]

Read More